Yea, that is true, nowadays everyday is different, yesterday 7.5 has million queue, and it hit the price point and rebounded hard. But it is only intraday rebound. That's why I say cannot guarantee tomorrow trend. But it is a good sign that today might intraday rebound here. Just sharing opinion.

Over 7 million value queue at 7.2, I think it might be the support line for today, I cant guarantee tomorrow. But today might reverse trend awhile from here.

Wow, so many queue at 7.2, seems like many buyers wants to get in

Value trap .... seems cheap to buy, but selling pressure high and many people queueing below RM7 ... sad

I have been asking myself why there are so many people selling ... but I think the answer is might be simple, many people has been entering TopGlove counter at June, which their share price was below RM20, so to them, it is still protecting profit and keep cash first. And another forces is contra/margin players that are trapped and forced to sell.. The rest of us just sit here and stunned ..

Small rebound here and there, be careful dont get trap, just like yesterday ...

Wow... looks like might hit 7 or lower today, looking at market sentiment, people all running to take profit and hold cash.

Haih ... no luck for glove this week, might be bloodbath again today .. sad indeed

Bloodbath day again.. sad

Since today there are many people who got trapped at around 7.8xx above, I think tomorrow will have a slight green but then massive sell down again by the "trapped" traders to prevent their loss. Haih .. sad day or perhaps its ganna be a sad week indeed.

Malaysia market is very weird, especially these few months, fundamentals rarely reflect on share price. People trade with sentiments and hype. The key word is "trade".

If you are investor, then hold on, it will recover, however it might not reach the original high as soon as we think. To recover, huge funds need to come in to pump up the share price, which is difficult with the negative sentiment across the whole bursa now.

If you are new investor/trader, just be aware of the traps around. Best way is to enter at multiple price point so you won't feel extremely bad of missing out or bought high.

I personally do hold TG shares and hope that it recovers. but I am too looking for reentry to top up for TG, but I do believe it may hit around 7.2 . Very sad to see it drop, I hope this wont happen, lets hope for the best.

Looking at the current sentiment, I suspect tomorrow opening will be a little bit green, and people who bought low today will sell to take profit, and the market continue to sell down. Sad to see, I really hope I am wrong, but let's see.

My opinion is that the market won't reverse trend if no big funds come in. And I believe they have not entered the market yet, most probably this Friday or next week.

The ups and downs are mainly driven by retail, margin and contra players. Which is super dangerous, because people wants very thin profit nowadays in glove, so once they get their profit, they run away and share price drop like no tomorrow. We as investor we don't wish to get trapped by these contra players. I personally queue at multiple price points, but all of them are low price which I believe will hit.

Just sharing thoughts, and hopefully can help out some people from identifying traps.

Wow... non-stop drop ... at one point I started to be optimistic that it is a reversal trend, then found out it was a fake rebound. I wondered if there are more people get trap at 7.9xx in this past hour.

Wow ... fake uptrend, one shot trapped many people :(

Glove counters are extremely dangerous due to the presence of contra players, they sell when they have profit. Haih ... contras .... I still maintain my principle, queue low, if hit then okay, if not then no worries.

Expected drop, the fake uptrend is created by margin and contra players, they all take profit when goes up. Be careful of trap. Thats just my opinion.

Somehow I feel that its like a trap, before it sell down further, I hope I'm wrong tho

Very dangerous, market sentiment very bad, queue low and not chase high is better approach I believe, just sharing my opinion.

wow ... I almost rushed in to buy 7.67, luckily didn't buy, or else get trapped ....

Would love to buy this stock, but not now I suppose, maybe at RM7.50 later

A simple psychology for those naysayers, its either they wanna collect low price, or they work for syndicate to wash the price down by manipulating retailers. Anyhow, I believe buy and hold supermax will reap most fruits.

When to buy in? Now is a good time as it is heavily pressed down. But dont all in, save 50% of your another capital to top up if it goes down further. Easy always win strategy. Cheers

Interesting forum, people jump here jump there hahaa, many frogs. But overall, the lesson is, everyone here is still interested in Supermax, and believe it will go up in the long run, people just wanna buy low :D

Hmmmm, supermax is the only red left among the top4, going to top up some after lunch. Looks like a discount buy

Hmmmm, supermax is the only red left among the top4, going to top up some after lunch. Looks like a discount buy

Neutral post, I’m not standing on either side. I’m a believer in HLT.

But personally I appreciate people for sharing factual information and not misleading information. And at the same time, somehow I feel that the supporter in this forum is overly aggressive, scolding other parties. Just a kind reminder, we dont have to angry about how other wanna push down the price. Market reacts to hype and facts, so stay calm all.

Wow this mikecyc is very very desperate to spread his message to spread fear ... I wonder why ...

Oh wait, you cant see my post anymore because he spammed more to push everyone’s comment upwards and gone :0

@winsome, how do you see it that way? Mind sharing more information how is it not sustainable? I would like to learn more.

Looking at the historical data of HLT warrant, the warrant has been trading at a discounted price for months, which I see its a better choice of entry for this counter at the moment. If I buy mothershare I have to pay 1.71 now, but if i buy it’s warrant, the value is equivalent to buying at 1.54, discounted buy, why not hahaa.

But at this point, just sharing my findings, I will enter warrant then convert to its mothershare as it is at a discounted price.

@ooi8888, you’re right. I usually invest in multiple stages and price points, never go all in at one price. I checked HLT financial fundamentals are good even at pre-covid, and it still has huge uproom ahead as the Covid getting worse with virus mutation coming into play. Looking at some “pro” here purposely spreading fear, I think its a good sign I collect share now at a fearful sentiment, I might be wrong, but we’ll see :)

@Lowprofile, cool, congrats for the good profit! It is still undervalued now. I checked with my broker just now, I think I will sapu some in on Tuesday.

I did a bit of research on HLT, I noticed its warrant is extremely undervalued. HLT-WA convert to HLT with conversion ratio of 1:1 and exercise price of 0.2 only.

This means if we buy in the company warrant now at 1.34, with exercise price of 0.2, we could get the mother share at a discounted price of 1.54. That’s a good discount of 11%, which is equivalent to your 11% profit when you convert to the mother share.

Wow please correct me if I’m wrong, but I really see good value in its warrant now

September glove month, when Big 4 rise green green, HLT will rise even faster, possibly even Limit up, we seen it before. Now I’m only looking for a low price point to enter HLT hahahaaa. My target is RM1 enter and exit at RM3 HLT. Let’s see if I can get it hahaaa

I just google searched WRP, the company that sued HLT. WRP is dodgy and has many bad headlines, just google search it yourself:

https://www.thestar.com.my/news/nation/2019/10/02/glove-maker-wrp-asia-banned-from-us-over-alleged-forced-labour

HLT will win the court case easily, and with the good profit and health care hype, feel free to sell down HLT so I can collect more tickets wakakaaa. I have been waiting to enter this counter so long seeing it is one of the few counters that hasn’t fully realised it’s share price TP of 3.

September huat huat, happy investing!

Waa so active here in this forum hahaaa, seems like there’s a group of people desperately want to pull down the share price of HLT.

Good and improved profit, and expected to be more next quarter. I hope sell down happens so I can sapu in some cheap stock for maximum gain! Wakakakaaaa

September glove huat ahhhh!